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Merrill Lynch Loses UHNW FAs to High-End Boutique

By Alex Padalka January 24, 2019

Led by Merrill Lynch alum Greg Fleming, Rockefeller Capital Management has lured several veteran financial advisors from the wirehouse, Rockefeller says.

This week, the Higgins Hall Group and the Embleton Curtis Quackenbush Group, both of which cater to ultra-high-net-worth clients, have joined Rockefeller Global Family Office in Atlanta, according to a press release from Rockefeller.

The seven-person Higgins Hall Group, led by David Higgins and Michael Hall, was previously with Merrill Lynch’s Private Banking & Investment Group, Rockefeller says. Higgins had been with Merrill Lynch for the duration of his 25 years in the financial services industry, according to his BrokerCheck profile. And Hall had been with the wirehouse since joining the industry in 1996, according to his BrokerCheck profile.

The eight-person Embleton Curtis Quackenbush Group, led by John Embleton, William Curtis, P. Schuyler Quackenbush Jr. and Evan Georgiou, comes to Rockefeller from Merrill Lynch Wealth Management, Rockefeller says. Embleton, who joined the industry in 1992, had been with Merrill Lynch for a decade, according to his BrokerCheck profile. Curtis and Quackenbush had been with the wirehouse since 2008 as well, after stints at Morgan Stanley, according to their BrokerCheck profilles. Georgiou began his industry career at Merrill Lynch in 2011, according to his profile.

“Rockefeller is pleased to add two high-caliber private wealth teams in Atlanta, an important market where we see growing opportunity to provide an elevated level of sophistication and trusted advice to individuals and families of meaningful wealth,” Fleming, president and CEO of Rockefeller Capital Management, says in the press release. “We welcome these teams who have successfully served and maintained lasting relationships with prominent individuals, entrepreneurs, private business owners and leaders of Fortune 500 Companies for decades.”

Rockefeller has been aggressively recruiting advisors and managers from wirehouses under Fleming, who had previously served as president of both Merrill Lynch and Morgan Stanley. In December, Rockefeller Capital Management poached a Merrill Lynch managing director to oversee its San Francisco office. The same month, Rockefeller lured two UBS advisors who collectively managed $2.2 billion.